Palantir (PLTR)'s Going To "Burst Right Through," Says Jim Cramer

We recently published 16 Stocks Jim Cramer Mentioned In An Episode Where He Said OpenAI Could Beat All Big Tech Giants. Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks Jim Cramer recently discussed.

Palantir Technologies Inc. (NASDAQ:PLTR) is another stock that Cramer frequently comments on. He has often reminded viewers that he was the first to predict that the shares would cross the $100 level. In this episode, Cramer discussed a Reuters report that claimed that Palantir Technologies Inc. (NASDAQ:PLTR)’s software for the army had vulnerabilities. The firm denied the claim, and Cramer discussed the stock price reaction following the report:

“It’s going to burst right through. I love the way the stock reacted to the idea of Reuters story which said that the army, that there was an actual kind of breach. And then immediately Karp comes out and says that’s solved, what are you doing. And so then the buyers came back, 4 am the buyers came back with a vengeance. They’re in there taking it, moving it up 5. Palantir, the Palantirians are more vociferous than the NVIDIAns.”

Here are Cramer’s previous comments about Palantir Technologies Inc. (NASDAQ:PLTR):

“I was wondering, I saw Palantir down today, Palantir I said 50 goes to a 100, 100 goes to 150, 150 goes to 200. But, this is a company that does a lot of business.”

While we acknowledge the potential of PLTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.